Net Income (Loss) Per Share

12 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

14.

Net Income (Loss) Per Share

We calculate basic earnings (loss) per share by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the effects of potentially dilutive securities. The summary of the basic and diluted earnings per share calculations for the years ended June 30, 2017 and 2016 is as follows (in thousands, except per share data):

	Years Ended June 30,
	2016		2016
Basic:
Income from continuing operations	$	4,841	$	1,103
Weighted average shares outstanding		4,040		4,141
Basic earnings per share from continuing operations	$	1.20	$	0.27
Income (loss) from discontinued operations	$	243	$	(281	)
Weighted average shares outstanding		4,040		4,141
Basic earnings (loss) per share from discontinued operations	$	0.06	$	(0.07	)
Net income	$	5,084	$	822
Weighted average shares outstanding		4,040		4,141
Basic earnings per share	$	1.26	$	0.20
Diluted:
Income from continuing operations	$	4,841	$	1,103
Weighted average shares outstanding		4,040		4,141
Effect of dilutive securities – stock options		37		32
Weighted average shares used in calculation of diluted earnings per share		4,077		4,173
Diluted earnings per share from continuing operations	$	1.19	$	0.27
Income (loss) from discontinued operations	$	243	$	(281	)
Weighted average shares used in calculation of diluted earnings per share		4,077		4,141
Diluted earnings (loss) per share from discontinued operations	$	0.06	$	(0.07	)
Net income	$	5,084	$	822
Weighted average shares used in calculation of diluted earnings per share		4,077		4,173
Diluted earnings per share	$	1.25	$	0.20